Brendan Mulligan Sells 18,741 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 18,741 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $25.04, for a total transaction of $469,274.64. Following the completion of the transaction, the general counsel owned 987,986 shares in the company, valued at $24,739,169.44. This represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brendan Mulligan also recently made the following trade(s):

• On Monday, March 16th, Brendan Mulligan sold 4,817 shares of Figma stock. The shares were sold at an average price of $26.30, for a total transaction of $126,687.10.
• On Tuesday, March 3rd, Brendan Mulligan sold 4,817 shares of Figma stock. The shares were sold at an average price of $28.30, for a total transaction of $136,321.10.

Figma Stock Down 4.6%

NYSE FIG traded down $1.03 during trading hours on Thursday, hitting $21.55. The company’s stock had a trading volume of 15,877,682 shares, compared to its average volume of 16,324,897. The stock has a fifty day moving average of $21.17 and a 200 day moving average of $29.24. Figma, Inc. has a twelve month low of $16.60 and a twelve month high of $142.92. The firm has a market capitalization of $9.60 billion and a P/E ratio of -6.28.

Figma (NYSE:FIG) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.27. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The business had revenue of $333.44 million for the quarter. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. On average, analysts predict that Figma, Inc. will post -0.69 earnings per share for the current year.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma introduced an AI assistant/agent directly inside its multiplayer design canvas, which could strengthen the product, improve workflow adoption, and support future monetization. Figma has a product design AI agent.
• Positive Sentiment: Jeff Clark highlighted Figma as an overlooked AI/software name, arguing the stock looks undervalued after a steep selloff and that AI features and strong growth trends could help the shares recover over time. Investors Abandoned These 3 AI Stocks Too Early, Says Jeff Clark
• Neutral Sentiment: Figma’s CAO sold 669 shares under a pre-arranged 10b5-1 plan, a routine insider transaction that is not necessarily a negative signal, but it can still add a little pressure to investor sentiment. Insider Selling: Figma (NYSE:FIG) CAO Sells 669 Shares of Stock
• Neutral Sentiment: Recent coverage also focused on Figma’s latest earnings call, where management emphasized accelerating growth tied to AI, reinforcing the view that the company’s AI strategy remains central to the investment case. Figma Earnings Call: Accelerating Growth Fueled by AI
• Negative Sentiment: Despite the growth story, Figma remains far below its prior highs, and the stock’s recent weakness suggests investors are still skeptical about valuation and the pace of sustained profitability. Investors Abandoned These 3 AI Stocks Too Early, Says Jeff Clark

Institutional Investors Weigh In On Figma

Several hedge funds have recently bought and sold shares of FIG. Alphabet Inc. bought a new stake in shares of Figma during the third quarter worth $11,182,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Figma by 69.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock worth $10,653,000 after acquiring an additional 116,681 shares in the last quarter. Rit Capital Partners PLC bought a new stake in shares of Figma during the third quarter worth $2,592,000. Freestone Capital Holdings LLC bought a new stake in shares of Figma during the fourth quarter worth $10,297,000. Finally, Baillie Gifford & Co. increased its position in shares of Figma by 93.8% during the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after acquiring an additional 2,789,986 shares in the last quarter.

Analysts Set New Price Targets

FIG has been the topic of several analyst reports. BTIG Research assumed coverage on shares of Figma in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. The Goldman Sachs Group set a $35.00 target price on shares of Figma in a report on Thursday, February 19th. Royal Bank Of Canada cut their target price on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating on the stock in a report on Friday, May 15th. Finally, Morgan Stanley cut their target price on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $38.63.

About Figma

Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform’s real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.

In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.